Can I retire at age 55 with 999,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$82,496$81,762$81,045$80,345$79,662$78,666
2 years$40,840$40,079$39,342$38,627$37,934$36,932
3 years$26,956$26,192$25,457$24,749$24,067$23,090
4 years$20,016$19,254$18,526$17,830$17,165$16,221
5 years$15,852$15,095$14,377$13,695$13,048$12,139
6 years$13,078$12,327$11,619$10,952$10,325$9,452
7 years$11,097$10,352$9,655$9,004$8,397$7,561
8 years$9,612$8,873$8,188$7,554$6,966$6,166
9 years$8,457$7,726$7,053$6,434$5,866$5,103
10 years$7,534$6,810$6,149$5,546$4,998$4,271
11 years$6,779$6,063$5,413$4,827$4,299$3,606
12 years$6,151$5,441$4,804$4,234$3,725$3,067
13 years$5,620$4,917$4,292$3,738$3,248$2,624
14 years$5,164$4,470$3,857$3,318$2,848$2,255
15 years$4,770$4,083$3,482$2,959$2,507$1,946
16 years$4,426$3,746$3,157$2,650$2,216$1,686
17 years$4,122$3,450$2,873$2,381$1,965$1,464
18 years$3,853$3,188$2,622$2,145$1,747$1,274
19 years$3,612$2,955$2,401$1,939$1,557$1,112
20 years$3,395$2,746$2,203$1,756$1,391$972
21 years$3,200$2,558$2,026$1,593$1,245$851
22 years$3,022$2,387$1,868$1,449$1,116$746
23 years$2,860$2,233$1,725$1,319$1,001$654
24 years$2,712$2,092$1,595$1,203$900$575
25 years$2,576$1,963$1,477$1,099$810$506
26 years$2,450$1,845$1,370$1,005$730$445
27 years$2,334$1,736$1,272$920$658$392
28 years$2,227$1,636$1,183$843$594$345
29 years$2,127$1,544$1,101$773$536$304
30 years$2,034$1,458$1,025$709$484$268
31 years$1,947$1,378$956$651$438$237
32 years$1,865$1,304$892$599$396$209
33 years$1,789$1,235$833$550$358$184
34 years$1,717$1,170$778$507$325$163
35 years$1,650$1,110$727$466$294$144
36 years$1,587$1,054$680$429$266$127
37 years$1,527$1,001$637$396$241$112
38 years$1,470$951$596$365$219$99
39 years$1,417$904$559$336$198$88
40 years$1,366$860$524$310$180$78
41 years$1,318$819$491$286$163$69
42 years$1,272$780$461$264$148$61
43 years$1,228$743$432$244$134$54
44 years$1,187$708$406$225$122$47
45 years$1,147$676$381$208$111$42
46 years$1,110$644$358$192$101$37
47 years$1,074$615$336$177$91$33
48 years$1,040$587$316$164$83$29
49 years$1,007$561$297$151$75$26
50 years$975$536$279$140$68$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $999,000, adding $5,855 every year, while hoping to spend $22,879 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/20/24 Blend
54$999,000$999,000$999,000$999,000
55$1,106,937$1,053,990$1,038,506$1,161,379
56$1,195,502$1,081,293$1,048,953$1,226,630
57$1,292,333$1,109,166$1,058,983$1,294,780
58$1,398,250$1,137,615$1,068,558$1,368,546
59$1,514,155$1,166,641$1,077,638$1,448,477
60$1,641,041$1,196,248$1,086,180$1,535,174
61$1,780,001$1,226,438$1,094,141$1,629,302
62$1,932,239$1,257,212$1,101,473$1,731,594
63$2,099,082$1,288,569$1,108,127$1,842,854
64$2,281,990$1,320,511$1,114,051$1,963,973
65$2,482,572$1,353,035$1,119,191$2,095,928
66$2,702,600$1,386,139$1,123,489$2,239,799
67$2,944,024$1,419,820$1,126,886$2,396,774
68$3,208,996$1,454,072$1,129,317$2,568,163
69$3,499,882$1,488,891$1,130,718$2,755,411
70$3,819,291$1,524,267$1,131,018$2,960,107
71$4,170,096$1,560,194$1,130,145$3,184,005
72$4,555,463$1,596,659$1,128,021$3,429,038
73$4,978,877$1,633,652$1,124,566$3,697,334
74$5,444,180$1,671,159$1,119,697$3,991,240
75$5,955,603$1,709,163$1,113,324$4,313,343
76$6,517,810$1,747,648$1,105,356$4,666,493
77$7,135,936$1,786,592$1,095,695$5,053,832
78$7,815,640$1,825,973$1,084,239$5,478,822
79$8,563,157$1,865,768$1,070,883$5,945,279
80$9,385,356$1,905,947$1,055,514$6,457,410
81$10,289,805$1,946,481$1,038,016$7,019,848
82$11,284,843$1,987,336$1,018,267$7,637,703
83$12,379,657$2,028,476$996,139$8,316,606
84$13,584,370$2,069,859$971,499$9,062,762
85$14,910,137$2,111,444$944,205$9,883,011
86$16,369,247$2,153,181$914,112$10,784,890
87$17,975,242$2,195,018$881,067$11,776,709
88$19,743,044$2,236,901$844,909$12,867,623
89$21,689,092$2,278,767$805,471$14,067,724
90$23,831,503$2,320,550$762,578$15,388,136
91$26,190,239$2,362,179$716,047$16,841,117
92$28,787,295$2,403,579$665,687$18,440,177
93$31,646,910$2,444,664$611,298$20,200,206
94$34,795,789$2,485,347$552,671$22,137,617
95$38,263,362$2,525,532$489,588$24,270,497
96$42,082,058$2,565,116$421,822$26,618,779
97$46,287,609$2,603,987$349,134$29,204,433
98$50,919,391$2,642,029$271,276$32,051,673
99$56,020,794$2,679,114$187,989$35,187,184
100$61,639,631$2,715,106$99,003$38,640,378